Cost of payday loans is 25%. Do you want know more ?
How Payday Loans works ?
You can apply for your payday loan online from the comfort of your ow home, your payday loan application will be complete and already being processed by a member of our experienced, friendly team (24/7).
Once you have completed and submitted our online application form, you will receive confirmation from us that your application has been received. We will then prepare and e-mail you some payday loan agreement which you must read before you sign, and e-mail the payday loan agreement back to us.
Get more important informations about payday loans
1. What is the PayDay Loan
The PayDay Loan is a short term cash advance solution that helps bridge a temporary cash availability problem and avoid costly bank and credit card penalties. It is usually repaid on your next payday.
2. How much money can I get ?
You can borrow any amount, from £80 up to £1,000.
3. What for of payment is used to repay payday loan ?
Debit/credit card transaction is used for repayment.
4. Would bad credit history affect payday loan approval ?
No, we don't carried out credit checks.
5. How much do you charge ?
The charges are £20 for each £80 borrowe. Click here to see a table of fees.
6. Is it possible to roll the payday loan over ?
Yes - However, after rolling over your payday loan more than 2 times, you are required to reduce your balance.
7. When will I get the cash ?
If your loan is approved and we receive your signed agreement before 2.30pm, you can have your money the same day. We will send money by BACS to your account free of charge.
8. What information do you need ?
We need the following informations:
* Your name and current address,
* Two contact phone numbers and your e-mail address,
* Your work and income details
* Your bank account details.
9. When will I need to repay the payday loan ?
The payday loan is repaid on your next payday. Usually up to 31 days.
Comparing Payday Loans and Personal Unsecured Loans:
A typical unsecured loan of £5,000 borrowed over 60 months:
*Payments would be approx. £135.16 per month.
*Total repayment £8109.88.
*Typical APR 23.1%.
Since this kind of loan is spread over 5 years the APR is indeed small but the actual payment over this period would be £3109.88 for a £5,000 loan which is 62% compared to 25% actual cost of credit of a payday loan.
Send now your application:
Very high acceptance rate for payday loans is result of no credit check
Quick snapshot
+ Any amount between £80 - £1,000
+ 25% actual cost of payday loan
+ Secure & safe application
+
Approval in 60 seconds
+ No paperwork
+ No faxing
+ No Credit Check
+ Defaults are ok !
+ PayDay Loans without hassle
+ Lend on a basis of trust
+ For homeowner or tenant
+ UK loan lender